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AFB

AllianceBernstein National Municipal Income Fund
AFB

57 hedge funds and large institutions have $59.3M invested in AllianceBernstein National Municipal Income Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $57.2M → $59.3M (+$2.06M)

0.19% more ownership

Funds ownership: 15.16% → 15.35% (+0.19%)

0% more funds holding

Funds holding: 57 → 57 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

21% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 19

Holders
57
Holders Change
–
Holders Change %
0%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$7.01M
2
RCM
Robinson Capital Management
Michigan
+$3.38M
3
Wells Fargo
Wells Fargo
California
+$257K
4
Millennium Management
Millennium Management
New York
+$230K
5
AAM
Advisors Asset Management
Colorado
+$227K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.79M
2
KIM
Karpus Investment Management
New York
-$2.94M
3
Ameriprise
Ameriprise
Minnesota
-$1.66M
4
LPL Financial
LPL Financial
California
-$837K
5
UBS Group
UBS Group
Switzerland
-$404K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$337K – – –
HighTower Advisors
27
HighTower Advisors
Illinois
$335K – – –
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$310K – – –
PCP
29
Proficio Capital Partners
Massachusetts
$299K -$3.94K -290 -1%
WS
30
Wedbush Securities
California
$274K +$40.4K +2,970 +17%
Ameriprise
31
Ameriprise
Minnesota
$270K -$1.66M -122,483 -86%
RJA
32
Raymond James & Associates
Florida
$266K -$10.6K -780 -4%
OC
33
Oppenheimer & Co
New York
$246K – – –
HCM
34
Hollencrest Capital Management
California
$243K – – –
Millennium Management
35
Millennium Management
New York
$232K +$230K +16,957 New
LCM
36
Landscape Capital Management
New Jersey
$211K -$198K -14,601 -49%
Creative Planning
37
Creative Planning
Kansas
$208K – – –
RJFSA
38
Raymond James Financial Services Advisors
Florida
$200K +$16.3K +1,196 +9%
CRC
39
Curi RMB Capital
Illinois
$193K -$652 -48 -0.3%
WSFS
40
Wilmington Savings Fund Society
Delaware
$193K – – –
AG
41
Advisor Group
Arizona
$184K -$6.8K -500 -4%
US Bancorp
42
US Bancorp
Minnesota
$175K – – –
FI
43
FormulaFolio Investments
Michigan
$165K -$56.5K -4,160 -26%
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$164K – – –
MF
45
Magnetar Financial
Illinois
$159K +$158K +11,634 New
SA
46
SRH Advisors
Kansas
$110K – – –
BFEC
47
Benjamin F. Edwards & Company
Missouri
$48K -$67.4K -4,958 -59%
GI
48
Gradient Investments
Minnesota
$42K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$41K +$40.3K +2,965 New
DADC
50
D.A. Davidson & Co
Montana
$33K +$381 +28 +1%
1
2
3

AFB Hedge Fund Activity: Q2 2017 in Review

57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2017, worth a combined $59.3M — up 3.6% from $57.2M a quarter earlier.

Fund positioning in AFB was balanced in Q2 2017: 5 funds opened new positions, 5 closed out, 15 added to existing stakes and 19 trimmed.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $7.01M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.79M.

  • 57 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2017, unchanged from Q1 2017.
  • Funds reported $59.3M of AllianceBernstein National Municipal Income Fund stock for Q2 2017, up 3.6% quarter-over-quarter.
  • 5 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2017 and 5 closed out, a net change of 0 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $7.01M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.79M sold.

Based on aggregated 13F filings for Q2 2017.